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Nationals promote Terra sponsorship amid cryptocurrency's collapse

From sportsbusinessjournal.com

Terra, the cryptocurrency company that signed a $40M partnership with the Nationals in February, had its algorithmic stablecoin TerraUSD (UST) trade at less than $0.30 yesterday. Terra’s UST is meant to maintain a 1-to-1 peg with the U.S. dollar as a so-called “stablecoin” intended to serve as a less volatile form of cryptocurrency. On Tuesday amid the coin’s rapid market plunge, the Nationals tweeted a “crypto 101’ video from their official account that was presented by Terra. The 45-second video details perceived benefits of cryptocurrency such as “cryptocurrency can’t be counterfeited or double-spent […] and ... (full story)

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